Speaker 1: Live from the Bloomberg Interactive Broker Studios. This is Bloomberg
Speaker 1: day Break for Thursday, March two. Coming up this hour,
Speaker 1: President Blyden meets with Allies and Brussels to discuss ramping
Speaker 1: up pressure on Russia. The US and EU closed in
Speaker 1: on a deal to slash Europe's dependency on Russian energy,
Speaker 1: and Supreme Court Nominekatanshi Brown Jackson fends off a barrage
Speaker 1: of attacks that are confirmation hearings. State Comptroller Monopoly says
Speaker 1: New York will fully divest all Russian holdings. Plus tributes continue.
Speaker 1: Performer Secretary of State metal In Albright. I'm Michael barn More,
Speaker 1: I'm John Stashtward Sports New York City is dropping the
Speaker 1: vaccine mandate that prevented Carrie Irving from playing home games.
Speaker 1: The Nets lost in Memphis, the nixt one in charlom
Speaker 1: That's all straight ahead on Bloomberg day Break on Bloomberg
Speaker 1: Elementary on New York, Bloomberg one, Washington, d C, Bloomberg one,
Speaker 1: O six one, Boston, Bloomberg nine sixties, San Francisco, Sirius
Speaker 1: x M one nineteen and around the world Old on
Speaker 1: Bloomberg Radio dot Com and via the Bloomberg Business. A
Speaker 1: good morning. I'm John Tucker, I'm Nathan Hagar. Futures are
Speaker 1: climbing this morning. We're coming up to five oh one
Speaker 1: on Wall Street, and we checked the markets every fifteen
Speaker 1: minutes during the trading day on Bloomberg. Right now, SMP
Speaker 1: futures are up twenty seven points down, futures up a
Speaker 1: hundred sixty one. Nasdaq futures on the rise by a
Speaker 1: hundred nine points. Germany's decks of two tenths percent, the
Speaker 1: cat in Paris is highed by four tenths of one percent.
Speaker 1: To take your treasury is down sixteen thirty seconds. The
Speaker 1: yield two point three yield on the two year two
Speaker 1: point one three percent. Nimex screwed is up four tenths percent,
Speaker 1: or forty one cents at a hundred fifteen dollars thirty
Speaker 1: five cents of barrel comics golds up two tenths per
Speaker 1: cent or three dollars eighty cents at ninety six forty,
Speaker 1: announced John Nathan. We begin with the war as it
Speaker 1: reaches the one month mark. President Biden beach with Allies
Speaker 1: and Brussels today to discuss ramping up pressure on Vladimir
Speaker 1: Putin to withdraw forces from Ukraine. New sanctions among the
Speaker 1: options on the table we get to tail from Bloomberg's
Speaker 1: investors along with a show of solidarity. The US wants
Speaker 1: some even stiffer penalties placed on Russia, and National Security
Speaker 1: Advisor Jake Sullivan says enforcement is very important to agree
Speaker 1: on an initiative to coordinate on sanctions enforcement so that
Speaker 1: Russian efforts to evade the sanctions, or other country's effort
Speaker 1: to help Russia evade the sanctions can be dealt with
Speaker 1: effectively and in a coordinated fashion. Sullivan says, as well,
Speaker 1: China will be a major concern. NATO G seven and
Speaker 1: the EU meetings today in San Francisco. I'm at Baxter
Speaker 1: Bloomberg daybreak. All right, ed, thank you. The U S
Speaker 1: and the European Union are close to a deal to
Speaker 1: slash Europe's dependency on Russian energy. Let's go live to
Speaker 1: London for the very latest on that with Bloomberg's U
Speaker 1: and pots. Good morning you, and good morning Nathan and John.
Speaker 1: It's the missing parts of the jigsaw house of its
Speaker 1: use funds flowing to Moscow from oil and gas sales.
Speaker 1: Bloomberg understands the deal with the European Union when inshore
Speaker 1: supplies of American natural gas and hydrogen get to Europe,
Speaker 1: allowing the region to move away from dependence on Russia.
Speaker 1: President Biden's National Security advises Jack Sullivan says an announcement
Speaker 1: on the agreements could come as soon as Friday. Live
Speaker 1: in London, Immune pots day break, Thanks you, and Russia's
Speaker 1: stock market is open for the first time in nearly
Speaker 1: a month. The country's benchmark index rose as much as
Speaker 1: twelve percent after Moscow stepped in with support measures. The
Speaker 1: government's allowing just two thirds of the stocks on the
Speaker 1: exchange to trade, and that's just for a short and
Speaker 1: four hour session. Russia has also banned short selling and
Speaker 1: restricted foreigners from exiting local equities. That's on top of
Speaker 1: a pledge to prop up the stock market with up
Speaker 1: to ten billion dollars. My energy markets remain in focus, John,
Speaker 1: as the war in Ukraine sparks volatility, and a couple
Speaker 1: of Wall Street titans are now speaking out on US
Speaker 1: energy policy. We get the details from Bloomberg's Lisa ma Tale.
Speaker 1: Sources say JP Morgan Cha CEO Jamie Diamond is telling
Speaker 1: President Biden he needs a martial plan for developing more
Speaker 1: domestic natural gas. That was at a White House meeting
Speaker 1: on Monday. According to source Is, Diamond urged the White
Speaker 1: House to reduce the time needed to obtain permits for
Speaker 1: renewable energy projects such as wind farms. Diamond also spoke
Speaker 1: about the need for more short term investment in oil
Speaker 1: and gas despite longer term climate goals. At the same time,
Speaker 1: Black Rock CEO Larry Fink says the invasion of Ukraine
Speaker 1: has the potential to speed up the global shift to
Speaker 1: green energy. He says it could also do the same
Speaker 1: thing for digital currencies. That's from Fink's annual letter to
Speaker 1: shareholders in New York. I'm Lisa Matteo Bloomberg Daybreak, Eice Lisa.
Speaker 1: The White House also working on its budget plans right now.
Speaker 1: Bloomberg News has learned President Biden's plans to request more
Speaker 1: than eight billion dollars in national security spending, including seven
Speaker 1: dred seventy three billion for the Pentagon, in the federal
Speaker 1: budget He's going to send a Congress on Monday. That's
Speaker 1: an increase of thirty one billion, or four percent, from
Speaker 1: approved spending for the current fiscal year. Another major story
Speaker 1: we continue to follow. John brings us back to Capitol Hill,
Speaker 1: where Supreme Court confirmation hearings will conclude for Judge Kanji
Speaker 1: Brown Jackson. Judge fended off an orchestrated verage of Republican
Speaker 1: attacks on her record as things got tense among members
Speaker 1: of the committee. Amy Morris has details from our Bloomberg newsroom.
Speaker 1: In Washington, Republican Senator Lindsey Graham voted to confirm Jackson
Speaker 1: less than a year ago, but had a sharp exchange
Speaker 1: with her over sentencing and child pornography cases. I think
Speaker 1: the best way you deter a crime when it comes
Speaker 1: to child pornography is you lure the bloom on anybody
Speaker 1: who goes on the Internet and pulls out these images
Speaker 1: for their pleasure. Senator, every person in all of these
Speaker 1: UH charts and documents I sent to jail. Committee chair
Speaker 1: Take Durbin accused Senator Ted Cruz of not allowing Jackson
Speaker 1: to answer the question. Chairman Durbin, I've never seen the
Speaker 1: chairman refused to allow a witness to answer a question.
Speaker 1: You can bang it as loud as you want. I
Speaker 1: can just tell you at some point you have to
Speaker 1: follow the rules and emotional Senator Cory Booker defended Jackson,
Speaker 1: saying the GOP allegations are without merite. You have earned
Speaker 1: this spot. You are worthy, You are a great American.
Speaker 1: Jackson's nomination will likely end up in a party line deadlock,
Speaker 1: but that's not likely to stop Democrats from confirming her
Speaker 1: as the first black woman to the Supreme Court in Washington.
Speaker 1: I'm anymore as Bloomberg Daybreak, Thanks Sammy. Turning to the
Speaker 1: economy now, the calls for a fifty point rough fifty
Speaker 1: basis point rate high at the next to FED meeting
Speaker 1: and growing louder markets pricing in a rate increase at
Speaker 1: every Center Bank meeting this year. We caught up with
Speaker 1: San Francisco FED President Mary Daily. I will absolutely um
Speaker 1: confirm what you know Jay Chair Powell's confirmed for himself,
Speaker 1: which is that I have everything on the table right now.
Speaker 1: If we need to do fifty fifties, what we'll do.
Speaker 1: If we need to do twenty five and balance sheet,
Speaker 1: that's what we'll do, as the data will help us
Speaker 1: determine how much is necessary. San Francisco FED President Mary
Speaker 1: Daily making the comments and in the interview with Bloomberg,
Speaker 1: Mike McKee catch more of that interview coming up later
Speaker 1: this hour, and John, we also have news this morning
Speaker 1: on Global Train. The US is set to reinstate exemptions
Speaker 1: on some Chinese goods hit by Trump arrett pariffs. The
Speaker 1: exclusions will apply to more than three hundred fifty manufacturing
Speaker 1: components and consumer products, ranging from TV screen parts to
Speaker 1: backpacks and bicycles. The Trump administration had originally granted more
Speaker 1: than twenty two hundred tariff waivers, but those expired. In
Speaker 1: local headlines in the check of Sports. Next to this
Speaker 1: is Bloomberg. Thanks Nathan Trio, settled of Wall Street, and
Speaker 1: time to bring in Michael Barr for more on what
Speaker 1: else is going on to New York hands around the world, John,
Speaker 1: thank you very much, sir. New York State Controller Thomas
Speaker 1: Dinnopoly says New York will fully divest all Russian holdings.
Speaker 1: Monopoly spoke with Bloomberg's and Ali Massak when the war
Speaker 1: broke out. We said we were going to freeze any
Speaker 1: new investments, and we were making an assessment of what
Speaker 1: we considered to be the risk of the portfolio if
Speaker 1: we continued to be invested. State Controller Donopoly says it's
Speaker 1: largely in the public equity portfolio a little bit in
Speaker 1: fixed income quantified at about one hundred and ten million dollars.
Speaker 1: Chinese State media says the search areas being expanded for
Speaker 1: the second black box from a China Eastern passenger plane
Speaker 1: that crashed in southern China with one thirty two people
Speaker 1: on board earlier this week. One of the black boxes
Speaker 1: was found yesterday. Secretary of Health and Human Services Zavier
Speaker 1: Bassa warns that Congress and funds to fight COVID have
Speaker 1: already run out. The fund Congress established to reimburse doctors
Speaker 1: and other medical providers for COVID care for Americans, in particular,
Speaker 1: the uninsured, is no longer accepting new claims for pro
Speaker 1: from providers for testing or for treatment services. Secretary of
Speaker 1: Basrah at the White House COVID nineteen Response Team press
Speaker 1: conference says if Congress does not approve more COVID funding,
Speaker 1: COVID help for vaccines, pills, and other treatment will vanish.
Speaker 1: US Secretary of State Anthony Blinken slammed the Taliban for
Speaker 1: ditching gets commitment to real open high schools two girls
Speaker 1: at the last minute. A sudden reversal by the Taliban
Speaker 1: was met with sharp criticism from the United Nations, while b.
Speaker 1: Lincoln said it would profoundly harm the group's ability to
Speaker 1: build ties abroad. Madeline Albright, who rose to become the
Speaker 1: first female Secretary of State, has died of cancer. President
Speaker 1: Bill Clinton chose Albright as America stopped diplomat in n
Speaker 1: Former US Ambassador Thomas Pickering spoke about Albright. She had
Speaker 1: little love, I would say, for Russia, and that skepticism
Speaker 1: and indeed suspicion about Russia has proven to me more
Speaker 1: true than I think any of us had reason to
Speaker 1: believe when I worked for her. Former Ambassador Pickering spoke
Speaker 1: with Bloomberg's Joe matthewelve. President Barack Obama awarded Albright the
Speaker 1: Middle of Freedom. Madeleine Albright was eighty four global news
Speaker 1: twenty four hours a day on air and on Bloomberg Quittank,
Speaker 1: powered by more than twenty seven hundred journalist and analyst
Speaker 1: more than twenty countries. I'm Michael barn This is Bloomberg,
Speaker 1: John Michael, Thank you DA. That brings us to five
Speaker 1: ten of Wall Street. Time to out with the Little Birch.
Speaker 1: Sports update, good pornamed John Stansward Green's Brooklyn Net season
Speaker 1: has gone from not playing at all due to his
Speaker 1: decision to not get vaccinated, to playing only in road games.
Speaker 1: But now is the NBA regular season winds down, New
Speaker 1: York City is set to lift the private sector mandate
Speaker 1: for in person work and Irving will be a full
Speaker 1: time member of the team. Played last night in Memphis,
Speaker 1: scored forty three points in the net one two one
Speaker 1: twenty loss, and Tyree was asked the best jumping in
Speaker 1: in the line of jumping out, you know, looking forward
Speaker 1: hopefully that could could be something we could fix and
Speaker 1: move past. I can't wait to talk to you guys
Speaker 1: once this is you know, something's official and that's expected
Speaker 1: that a mayor added with mid day press for today
Speaker 1: at City Field. This also affects unvaccinated met and Yankee players,
Speaker 1: although still have to be vacks to play in Toronto
Speaker 1: and the Yankees have ten games there. The Knicks is
Speaker 1: one of their better games of the season one oh
Speaker 1: six win at Charlotte, did it without two stars. There's
Speaker 1: Julius Randall and Mitchell Robinson seven nicks and double figures
Speaker 1: laid by R. J. Barrett's thirty points. Devils lost in
Speaker 1: Toronto three two n C double a tournament returns tonight
Speaker 1: with double headers in San Antonio and San Francisco. That's
Speaker 1: where Duke plays Texas Tech. Will it be the end
Speaker 1: of Mike Schefski's coaching career? N I T quarterfinal wins
Speaker 1: for Texas A and M and Washington State Ron Harper Jr.
Speaker 1: Leaving Rutgers turning pro for a while. Yesterday I looked
Speaker 1: like the Jets might be acquiring star wide out Tyree
Speaker 1: Hill from Kansas City. The chiefs agreed to terms of
Speaker 1: deals with the Jets and Dolphins and then let Hill
Speaker 1: decide where he wanted to go. He chose Miami and
Speaker 1: he's got a four year, hundred twenty million dollar contract
Speaker 1: with them. John stash Atward, Bloomberg Sports, John, John, thanks
Speaker 1: very much. Add ahead of the cashow up on the
Speaker 1: wall Street Town futures right now up one hundred sixty
Speaker 1: five points. That's a rise of half a percent. SMP
Speaker 1: EMNI futures twenty eight points higher, up six tenths of
Speaker 1: a percent. Of the NaNs next futures up one hundred
Speaker 1: eight points, a rise of three quarters of a percent.
Speaker 1: You are listening the Bloomberg Daybreak and just ahead our
Speaker 1: Anne Marie Hordern is traveling with President Biden as he's
Speaker 1: set to address at a meeting of NATO ministers. Will
Speaker 1: bring that to you live. You're listening to Bloomberg Daybreak, Markets,
Speaker 1: headlines and breaking news twenty four hours a day at
Speaker 1: Bloomberg dot Com, the Bloomberg Business at and at Bloomberg
Speaker 1: Quick Tape. He's a Bloomberg Business Flash. Nathan Hager stocks
Speaker 1: are taking higher while treasuries extend their slide. His investors
Speaker 1: way the risks of rising inflation and the impact of
Speaker 1: the war in Ukraine. We checked the markets every fifteen
Speaker 1: minutes during the trading day on Bloomberg Right now, S
Speaker 1: and P futures are up twenty eight points down futures
Speaker 1: up a hundred sixty three. Nastack futures are higher by
Speaker 1: a hundred fourteen points. The ten your Treasury is down
Speaker 1: eighteen thirty seconds. The yield two point three yield on
Speaker 1: the two year two point one four percent. Nime X
Speaker 1: screwed is up two tenths percent of seventeen cents at
Speaker 1: a hundred fifteen dollars. Fifteen cents of barrel comics gold
Speaker 1: is up a tenth percent or at dollar seventy at
Speaker 1: nine announced the euro is at one point zero nine
Speaker 1: eight six against the dollar, the pound one s one,
Speaker 1: and the end is at one point six four. That's
Speaker 1: a Bloomberg business flash. And now here's Michael Barr. What's
Speaker 1: more on what's going on around the world. Good morning, Michael,
Speaker 1: Good morning Nathan. Ukraine President Voladimir Zelenski called on people
Speaker 1: worldwide to gather in public to show support, whereas in
Speaker 1: battled country as he prepares to address US President Joe
Speaker 1: Biden and other NATO leaders gathered in Brussels. New York
Speaker 1: City Mayor Eric Adams will announce today that he's exempting
Speaker 1: athletes and performers from the city's vaccine mandate for private workers.
Speaker 1: The move will allow Brooklyn net star Kyrie Irving to
Speaker 1: play in home games NBA games. The Nats lost the
Speaker 1: Knicks and Celtics won in the NHL The Devil's Lost.
Speaker 1: Global News twenty four hours a day on air and
Speaker 1: on Bloomberg Quicktake, powered by more than twenty seven under
Speaker 1: journalist and now honest to more than twenty countries. I'm
Speaker 1: Michael bar. This is Bloomberg jo Michael. Thank you at
Speaker 1: this moment, President Biden meeting with allies and Brussels discussing
Speaker 1: ramping up pressure on Russia. Let's head to Brussels right now,
Speaker 1: NATO headquarters and Bloomberg's and Marie Hordern, who is traveling
Speaker 1: with President Biden. Amory. We're seeing the images from the
Speaker 1: NATO headquarters right now. They're glad handing the NATO ministers
Speaker 1: and heads of state. President Biden just sitting down at
Speaker 1: the large table there. This is more than just a
Speaker 1: show of unity or is it? Oh no, this is
Speaker 1: an extraordinary meeting and this is definitely more than just
Speaker 1: a show of unity. And it's back to back to
Speaker 1: back stomach today NATO Headquarters of presidents to begin and
Speaker 1: then of course there'll be a G seven meeting, and
Speaker 1: then he'll head over to the European Commission and he'll
Speaker 1: address the European Union. Uh. This is all about just
Speaker 1: on the symbolic front, of course, showing that unity, but
Speaker 1: also about what comes next. A lot of questions that
Speaker 1: s allies need to discuss in terms of how they're
Speaker 1: going to amp off the pressure on President of Ladomya Putin.
Speaker 1: We know the United States is going to do today
Speaker 1: if they are going to have more sanctions announced, more
Speaker 1: sankists than penalty against the Kremlin. Becauld be a number
Speaker 1: of tycoons, oligarchs and lawmakers at Russia's State Duma, and
Speaker 1: then there's can be a lot of discussions on how
Speaker 1: the United States can help Europe and try to loosen
Speaker 1: their dependency on Russian oil and gaps, because that is
Speaker 1: still one area of Russia's economy that is still bringing
Speaker 1: in millions of dollars a day or leads for President Putin,
Speaker 1: and there will be a visitor of presumably from a
Speaker 1: video hook up at some point today from Ukraine's leader, yes,
Speaker 1: president of a little bare Lensky. He will be joining
Speaker 1: the Native Summit of virtually he's been doing this almost
Speaker 1: He's been making a world tour and his virtual visits
Speaker 1: really imploring global leaders and even citizens in the world
Speaker 1: to stand as Ukraine. Just last night in a video message,
Speaker 1: and he does them almost every evening, but last night
Speaker 1: he's spoken English, and he told individuals around the world
Speaker 1: that tomorrow, that's today March marked one month of the invasion,
Speaker 1: to go to your downtowns, go to your squares and protests,
Speaker 1: bring Ukrainian flats and show solidarity with us today. His
Speaker 1: messages is going to be tough on leaders. He wants
Speaker 1: them to do more more offense if you have more
Speaker 1: sanctions to close any loopholes the state as state, countries,
Speaker 1: countries or companies they are doing businesses Russia. And I
Speaker 1: believe he said something like these summits, they're going to
Speaker 1: show who his real friends are when it comes to
Speaker 1: energy security. Is everybody on the same page there in Europe?
Speaker 1: This is a tough one and this is gonna be
Speaker 1: where you're gonna see the most at tension because Europe
Speaker 1: is still reliant on energy, especially the likes of Germany.
Speaker 1: Within fifty percent of German's natural gas, how they like
Speaker 1: their homes, how they heat their homes comes from Russia.
Speaker 1: And you just can't turn off the tax that quickly
Speaker 1: if there's just not enough to supply in the world.
Speaker 1: And also Germany doesn't have the infrastructure to this. So
Speaker 1: I don't think you're going to see an immense amount
Speaker 1: of pressures in the United States on Germany because they
Speaker 1: do know what kind of situation they are in. But
Speaker 1: what we have seen is very telling. The German government.
Speaker 1: Robert Habet, the German Economy Minister, he's been working already
Speaker 1: on alternative sources and he doesn't go how over the
Speaker 1: weekend and he can't be have this veiled a threat
Speaker 1: to driving a Putin actual was signing these deals with
Speaker 1: Cutter to make sure they can get liquefied natural gas ships.
Speaker 1: He said, we might still need rushing gas this year,
Speaker 1: but not in the future. It starts like this, so
Speaker 1: he who has ears should start to listen. So this
Speaker 1: is not going that could be done immediately, but this
Speaker 1: is something Germany and the rest of Europe are thinking
Speaker 1: about long terms. Presumably the NATO leaders there, the ministers
Speaker 1: are gaming Vladimir Putin's next move. What do they suppose
Speaker 1: that will be and how do they prepare for that? Well,
Speaker 1: there's lots of talks. And the President said different us
Speaker 1: exiting the White House leaving for this trip, about how
Speaker 1: worried how much of the threat that he chang puching
Speaker 1: the revert to chemical weapons, and the President said it
Speaker 1: was a high threat. And you've seen US officials come
Speaker 1: out publicly talk about the potential that Russia would use
Speaker 1: the false flag operation to revert to chemical weapons. Now
Speaker 1: pleasant Latimer Puchin had air cover and supported Bashar al
Speaker 1: Assad and Syria when he also used chemical weapons. We
Speaker 1: should also note President Puchin Russian government needs Numa chalk,
Speaker 1: a chemical weapon in Balndbury, United Kingdom. So this is
Speaker 1: something incredibly high on the worry list and the potential
Speaker 1: threat that leaders are going to be discussing. The big
Speaker 1: question though, is what happens next, yah Seltenberg, President Biden.
Speaker 1: We've all heard them say they'll be severe consequences, but
Speaker 1: exactly what all those consequences we do not now. And
Speaker 1: Marie thanks very much Bloomberg's and Marie Horde and reporting
Speaker 1: live there from outside NATO headquarters in Brussels, and uh
Speaker 1: Yen Stoltenberg ahead of NATO right now is speaking to
Speaker 1: the group assemble. They're the world leaders as well as
Speaker 1: the NATO ministers, including President Biden, sitting around the large
Speaker 1: round table there at the NATO headquarters. After Mr Stoltenberg speaks,
Speaker 1: he'll presumably introduce President Biden in this show of unity
Speaker 1: that goes beyond just shows. And REI told us ahead
Speaker 1: of the cash open on Wall Street, looking at futures
Speaker 1: right now, they are higher that OW futures up one
Speaker 1: hundred and fifty two points. That's up four tenths of
Speaker 1: a percent, the S and P futures twenty seven points higher,
Speaker 1: that's up six tenths of a percent, and the nastic
Speaker 1: features of one hundred and eight points. That's up three
Speaker 1: quarters of a percent this morning. As we also look
Speaker 1: to treasuries, the ten year yield right now to thirty six,
Speaker 1: that's up six basis points as we see a bit
Speaker 1: of a sell off resuming four bonds. You're listening to
Speaker 1: Boomberg day Break and Bloomberg Weather for bron carro on
Speaker 1: the fort to night occasional rain, the high temperature in
Speaker 1: the mid fifties. The rain is going to end tonight
Speaker 1: and then tomorrow mixes sunny clouds. The hot temperature topic
Speaker 1: out at around sixty degrees. Broadcasting live from the Bloomberg
Speaker 1: Interactive Broker's studio in New York, Bloomberg in Loving Freed
Speaker 1: to Washington, d C. Bloomberg to Boston, Bloomberg one oh
Speaker 1: six one to San Francisco, Bloomberg nine six to the country,
Speaker 1: Sirius XM to the one nineteen and around the globe,
Speaker 1: the Bloomberg Business app and Bloomberg Radio dot Com. This
Speaker 1: is Bloomberg Daybreak and It's five thirty on Wall Street.
Speaker 1: Good morning, I'm John Tucker. I'm Nathan Hagar. We're about
Speaker 1: four hours away from the open of US training. Let's
Speaker 1: catch you up to date on the news you need
Speaker 1: to know. At this hour, we are a month into
Speaker 1: Russia's invasion. Off you crane, and President Biden is in
Speaker 1: Brussels to meet with allies. They will discuss new plans
Speaker 1: to pressure Vladimir Putin to withdraw his forces. Bloomberg Senior
Speaker 1: reporter Mark Champion says this meeting is crucial. It is important.
Speaker 1: We've had a month of war now and he's going
Speaker 1: to be sitting down with leaders that he's been talking
Speaker 1: to biphone by video link throughout and trying to really
Speaker 1: coordinate a response. They have to think about what happens
Speaker 1: if Russia decides to escalate. They need to think about China.
Speaker 1: If China does come in and support Russia, either economically
Speaker 1: or with weapons. There's a lot to talk about. Bloomberg's
Speaker 1: Mark Champion says the US also plans to announce additional
Speaker 1: sanctions on Russian political figures and oligarchs, and at the
Speaker 1: same time, the US and EU are also close to
Speaker 1: a deal to slash Europe's dependency on Russian energy, and
Speaker 1: agreement may be announced as soon as tomorrow. Stocks in
Speaker 1: Russia are trading for the first time in nearly a month,
Speaker 1: and they're trading higher, but under heavy restrictions. The government's
Speaker 1: allowing just two thirds of equities to trade. Russia has
Speaker 1: also banned short selling and restricted foreigners from exiting local
Speaker 1: equities and turning to US politics now. Confirmation hearings conclude
Speaker 1: today for the Supreme Court nominee Katanga Brown Jackson. Yesterday
Speaker 1: saw Jackson fend off GOP attacks on several fronts, including
Speaker 1: her record on crime, child pornography, and abortion. I would
Speaker 1: do what I've done for the past decade, which is
Speaker 1: to rule from a position of neutrality, to look carefully
Speaker 1: at the facts in the circumstances of every case, without
Speaker 1: any agendas. Do you send A Judiciary Committee plans to
Speaker 1: vote on Jackson's nomination April four. She's expected to be
Speaker 1: confirmed with the vote along party lines. Yeah. Budget plans
Speaker 1: are center stage in Washington today. John Bloomberg News has
Speaker 1: learned the White House plans to request more than eight
Speaker 1: hundred thirteen billion dollars in national security spending, including seven
Speaker 1: hundred seventy three billion for the Pentagon. In the federal
Speaker 1: budget that goes to Congress on Monday is an increase
Speaker 1: of thirty one billion dollars, or four percent, from approved
Speaker 1: spending for the current fiscal year. Right now, SMP futures
Speaker 1: are up twenty six point Stole futures up a hundred
Speaker 1: forty six, NASTACK futures higher by a hundred two points.
Speaker 1: The tenure treasury is down nineteen thirty seconds. The yield
Speaker 1: two point three six percent yield on the two year
Speaker 1: two point one four percent, NIMEX screwed is lower now
Speaker 1: down four tenths percent or forty one cents at a
Speaker 1: hundred fourteen dollars fifty one cents a barrel, and comic
Speaker 1: Gold is up a tenth percent or a dollar ninety
Speaker 1: at announced. Straight ahead your latest local headlines in the
Speaker 1: check of sports. This is Bloomberg. Yeah, three on Wall Street.
Speaker 1: Let's bring in Michael barn now with more of what
Speaker 1: else is going on in New York and around the world, John,
Speaker 1: thank you. New York Controller Thomas Donopoli says the state
Speaker 1: will fully divest all Russian holdings. Donopoly says when the
Speaker 1: war broke out. We said we were going to freeze
Speaker 1: any new investments. This is largely in the public equity portfolio,
Speaker 1: a little bit and fixed income. We quantified it at
Speaker 1: about a hundred and ten million dollars so on our
Speaker 1: based on a significant exposure control. The Donopoly spoke with
Speaker 1: Bloomberg Sonali Bassett. The search area was expanded today for
Speaker 1: the second black box from a China Eastern passenger jet
Speaker 1: that crashed in southern China with a hundred thirty two
Speaker 1: people on board earlier this week, off and on rain
Speaker 1: was impeding the search for a second straight day. One
Speaker 1: of the black boxes, believed to be the cockpit voice recorder,
Speaker 1: was found yesterday. Investigators said it's outer casing was damaged,
Speaker 1: but the orange cylinder was relatively intact. North Korea launched
Speaker 1: its first intercontinental ballistic missile in more than four years.
Speaker 1: Kim John oone abandoned a testing freeze that an underpinned
Speaker 1: and unprecedented wave of talks with the US. The nation's
Speaker 1: first woman's Secretary of State, Madeleine Albright, has died. President
Speaker 1: Clinton chose her in her well known quick wit came
Speaker 1: out during the ABC interview about a job I loved
Speaker 1: what I did. Um I did sleep when I could
Speaker 1: on command. UM I didn't exercise enough. Being Secretary of
Speaker 1: State was a very fattening job because I was eating
Speaker 1: for my country. Former US Ambassador Thomas Pickering about Madeleine
Speaker 1: Albright's passing. I had the honor and the pleasure of
Speaker 1: working with her as her second deputy in the State
Speaker 1: Department as under Secretary. And she was forthright, She was
Speaker 1: always strong. She had very firm views, particularly in Eastern Europe.
Speaker 1: Pickering spoke with Bloomberg's Joe Matthew. Albright received the Medal
Speaker 1: of Freedom in twelve and let Albright died of cancer.
Speaker 1: She was eighty four global news twenty four hours a
Speaker 1: day on air and on Bloomberg Quickdake, powered by more
Speaker 1: than twenty seven hundred journalist and analyst in more than
Speaker 1: a d twenty countries. I'm Michael Barr. This is Bloomberg,
Speaker 1: John Michael, thank you. It's five thirty Thought on the
Speaker 1: Wall Street and that means it's type of Bloomberg Sports Someday,
Speaker 1: here's John stan Shower. Thanks. John. Has certainly been an
Speaker 1: unusual situation. Nets Star Kyrie Irving playing only on the
Speaker 1: road due to New York's vaccine mandate. It became really
Speaker 1: bizarre when Irving was allowed to sit in the stands
Speaker 1: at the Nets home game but couldn't play. That is
Speaker 1: going to now change. Mayor Hannamals will make the lifting
Speaker 1: of the mandate official today Oppressor at City Field. This
Speaker 1: is also a sigh of relief for the Mets and Yankees,
Speaker 1: who are said to have unvaccinated players, and it's a
Speaker 1: move that will significantly improve the nets chances in the
Speaker 1: upcoming playoffs. Irving has been on a terror lately, had
Speaker 1: a fifty point game, then sixty last night forty three points,
Speaker 1: Kevin Durant at a thirty five, but the Nets lost
Speaker 1: in Memphis one oncety. The nets next home game is Sunday,
Speaker 1: Nicks one in Charlotte once one oh six. Their coach
Speaker 1: and a lot of different areas, so it wasn't it
Speaker 1: was a challenge, obviously. That's bad, guys, I thought you
Speaker 1: have shellfishness to start the game in the when Evan
Speaker 1: Fournier broke John starts his Knick's record for most three
Speaker 1: pointers in the season. Devils lost in Toronto three two
Speaker 1: in Tampa. Yankee home runs for d J le Mayo,
Speaker 1: Labor Torres, John Carlos Stanton, a seven one rout of Baltimore.
Speaker 1: Aaron Judge and the Yanks exchanged arbitration figures one million
Speaker 1: from Judge seventeen millions from the team. The two sides
Speaker 1: said to be at work on a new long term deal.
Speaker 1: Tyreek Hill, latest NFL started, get traded in what has
Speaker 1: been a wild NFL off season in Kansas City. Delve
Speaker 1: Hill to Miami for five draft picks, and he signed
Speaker 1: a lucrative deal with the Dolphins. The Jets were in it,
Speaker 1: but the chief let Hill decide where he wanted to go,
Speaker 1: and he chose Miami. John's Cash evant Bloomberg's Sports John John,
Speaker 1: thanks very much. The idy is find thirty seven off
Speaker 1: Wall Street, and that means it's time for the Tri
Speaker 1: State Business Report. After that we're joined by Bloomberg's ed Quarry.
Speaker 1: New York City officials want to continue outdoor dining the
Speaker 1: sustained restaurants during the pandemic, but they want to move
Speaker 1: away from shipping containers or plywood shacks with heaters. Some
Speaker 1: favorable more europe and streetscape of beast road tables and
Speaker 1: colorful umbrellas, that could be removed at closing time. Jekyll
Speaker 1: and Hyde Club, a New York restaurant known for its
Speaker 1: horror themed food and shows, is filed for bankruptcy. The
Speaker 1: Kitchy eatery, located in Greenwich Village, owed millions to creditors,
Speaker 1: including one and a half million dollars in back rent,
Speaker 1: according to papers filed in bankruptcy court in Manhattan, New
Speaker 1: Jersey's last two remaining coal fired power plants are set
Speaker 1: to shut down. Excelon's Atlantic City Electric Utility says that
Speaker 1: buying out existing power purchase agreements and shuttering the Logan
Speaker 1: and Chambers plans would save customers as much as thirty
Speaker 1: million dollars. Now jew Bloomberg twice day Business Report, I'm
Speaker 1: ed Corey, all right. Thanks At eight on Wall Street.
Speaker 1: Bloomberg Radio is on the air from San Francisco to
Speaker 1: New York, London to Hong Kong. Let's check in now
Speaker 1: with their global news team for some of the top
Speaker 1: stories heard on our three hundred affiliate radio stations around
Speaker 1: the world. I'm Steve polto Scan on ten ten Wins
Speaker 1: in New York. We're talking about how high oil prices
Speaker 1: aren't just making gasoline more expensive. I'm Corney Donahellan keral
Speaker 1: d and Dallas Airlines are urging President bidens and mass
Speaker 1: mandates on planes. I'm Scott car on w c CEO
Speaker 1: in Minneapolis, St. Paul. I'm reporting on supply chain issues,
Speaker 1: meaning General Mills has had to reformulate some products. Mid
Speaker 1: Corey on w w J in Detroit. I'm reporting Michigan
Speaker 1: had its first licensed recreational cannabis consumption label. Yeah, those
Speaker 1: are SABA. These stories are twenties. Seven hundred unger journalists
Speaker 1: and analysts are working on this morning around the world.
Speaker 1: It is now five thirty nine on Wall Street. The
Speaker 1: following is an editorial from Bloomberg Opinion. Russia has been
Speaker 1: hit with unprecedented global sanctions in response to its invasion
Speaker 1: of Ukraine. But couldn't the Russian government use cryptocurrencies to
Speaker 1: dodge those penalties. It's a reasonable concern, but if Russia
Speaker 1: were to try, it might be unpleasantly surprised. It turned
Speaker 1: out crypto isn't as attractive for Monday laundering as it
Speaker 1: used to be. Unlike a banknote, of crypto token retains
Speaker 1: the digital fingerprints of everyone who has ever held it.
Speaker 1: And law enforcement agencies are constantly getting better linking those
Speaker 1: digital fingerprints to people. Still, policymakers can do more to
Speaker 1: prevent sanctions of asion, for example, by demanding token exchanges
Speaker 1: and decentralized crypto platforms report suspicious transactions. Showing up the
Speaker 1: system would make life harder for all sorts of financial criminals.
Speaker 1: It's an opportunity the US and other governments shouldn't pass up.
Speaker 1: This editorial was written by the Bloomberg Opinion Editorial Board.
Speaker 1: I'm David Shipley. For more Bloomberg opinion, please go to
Speaker 1: Bloomberg dot com, Slash Opinion or opian go on the
Speaker 1: Bloomberg terminal. This has been Bloomberg Opinion and Bloomberg Opinion
Speaker 1: editorial is gonna be heard every weekday at this time.
Speaker 1: Terminal costomers can read more at opie. I n go
Speaker 1: ahead of the cash open. The Wall Street futures in
Speaker 1: the green today down futures one and fifty two points.
Speaker 1: That's a rise of four tens of a percent, the
Speaker 1: n SMP EMNI futures of twenty seven points, that's the
Speaker 1: rise of six tenths of a percent right now, and
Speaker 1: the nastat features up one hundred and seven points. That's
Speaker 1: up three quarters of a percent. Ten year yield up
Speaker 1: six basis points at two five. This is Bloomberg and
Speaker 1: a Bloomberg weather for meteorologist Rob carolin Forth today occasional rain,
Speaker 1: the high temperature in the mid fifties. Tomorrow's outlook mix
Speaker 1: of sun and clouds, high temperature topic out at around
Speaker 1: sixty degrees. Markets, headlines and breaking news twenty four hours
Speaker 1: a day at Bloomberg dot com, The Bloomberg Business at
Speaker 1: and at Bloomberg Quicktape. This is a Bloomberg Business lash.
Speaker 1: I'm Nathan Hager. This update is brought to you by
Speaker 1: s EI. Today's competitive marketplace requires asset managers to become
Speaker 1: more Operation Sally adept. See how you can transform your
Speaker 1: business with SEIS Global Platform at se i C dot
Speaker 1: com slash i m s. European stocks are pairing their gains.
Speaker 1: Treasuries in the US are extending their slide as investors
Speaker 1: way the risks of rising inflation and the impact of
Speaker 1: the war in Ukraine. The dollar is edging higher. We
Speaker 1: checked the markets every fifteen minutes during the trading day
Speaker 1: on Bloomberg. Right now, SMP futures are up twenty seven
Speaker 1: point staff futures up a hundred fifty four. NASTAC futures
Speaker 1: are higher by a hundred thirteen points. The decks in
Speaker 1: Germany has little changed. The CAC in Paris is up
Speaker 1: two tenths of one percent. The ten your Treasury is
Speaker 1: down sixteen thirty seconds. The yield two point three five percent.
Speaker 1: Yield on the two year is two point one three percent.
Speaker 1: NIMEX screwed is down three tenths per cent, or thirty
Speaker 1: six cents at a hundred fourteen dollars fifty seven cents
Speaker 1: of barrel Comics gold is up a tenth per cent
Speaker 1: or two dollars ten cents at nine seventy announced. The
Speaker 1: euro one point zero nine nine one against the dollar,
Speaker 1: British pound one point one six six. The yen is
Speaker 1: at one one point six three. Bitcoin is hired by
Speaker 1: one and a half percent right around forty three thousand dollars.
Speaker 1: At eight thirty Wall Street time, we get initial jobless
Speaker 1: claims plus durable goods orders. SMP Global p m I
Speaker 1: come out at eleven am. It's the Kansas City Fed
Speaker 1: manufacturing activity. Darden Restaurants is among companies scheduled to report
Speaker 1: earnings today That is a Bloomberg Business Flash and now
Speaker 1: here's Michael Barn with more on what's going on around
Speaker 1: the world. Good morning, Michael, Good morning Nathan. President Joe
Speaker 1: Biden is set to meet allies in Brussels to discuss
Speaker 1: ways to pressure Russian President Vladimir Putin to withdraw forces
Speaker 1: from Ukraine. The discussions come a month after the Russian
Speaker 1: leader ordered troops to invade. North Korea has fired a
Speaker 1: suspected long range missile towards the sea and what would
Speaker 1: be its first such test since tween. New York City
Speaker 1: Mayor Eric Adams will announce today that he's exempting athletes
Speaker 1: and performers from the city's vaccine mandate for private workers.
Speaker 1: The move will allow Brooklyn Nets stark I Ree Irving
Speaker 1: to play at home games and let unvaccinated baseball players
Speaker 1: take the field when their season begins NBA games, The
Speaker 1: Nets lost the Knicks and Celtics won in the NHL.
Speaker 1: The Devil's Lost. Global News twenty four hours a day
Speaker 1: on airand on Bloomberg Quick Take, powered by more than
Speaker 1: twenty seven hundred journalist and analyist more than a hundred
Speaker 1: twenty countries. Michael Lauren, This is Bloomberg. John, Michael, thank you.
Speaker 1: Coming up on five fifty on Wall Street. This is
Speaker 1: Bloomberg Daybreak. I'm John Tucker. Let's talk interest rates now
Speaker 1: and the path they had for the Federal Reserve Chair
Speaker 1: J Powell has opened the door to a half a
Speaker 1: point of rate high cap as Central Bank's next meeting,
Speaker 1: and it looks like other Fed officials are getting on
Speaker 1: board with that idea. Let's get the view from San
Speaker 1: Francisco FED President Mary Danley Now. She sat down for
Speaker 1: an interview with Bloomberg's Michael McKee yesterday, and here's what
Speaker 1: she had to say. The traditional way that we've done
Speaker 1: it over the last couple of decades is you raise
Speaker 1: the interest rate, you RESTU meeting, You raise the interest rate,
Speaker 1: your RESTU meet h And it's really that gradual approach
Speaker 1: that was meant to see what's going on and then
Speaker 1: make adjustments. But the SEP medium was seven increases in
Speaker 1: two and that suggests quite a bit of front loading
Speaker 1: on policy. And I'll remind people if i'm may that
Speaker 1: we're also going to make balance sheet adjustments and as
Speaker 1: early as in the main meeting, but that hasn't been
Speaker 1: decided completely yet. But that's another you know, that's generally
Speaker 1: considered an equivalent to at least another rate hike. And then,
Speaker 1: and this is something we often don't talk about either.
Speaker 1: We're making these adjustments at the same time other central
Speaker 1: banks across the globe are making similar types of adjustments
Speaker 1: tightening policy. So we could get a lot of tightening
Speaker 1: and financial conditions globally, and that is something we have
Speaker 1: to think about. So I do think relative to previous
Speaker 1: periods of tightening, this is quite a bit of front loading,
Speaker 1: just as the SEP has indicated. Chairman Powell said on
Speaker 1: Monday that he's open to a fifty basis point move
Speaker 1: at the next meeting, and the market is certainly taking
Speaker 1: him at his word. Are you willing to support that?
Speaker 1: I think the data will tell us whether fifty basis
Speaker 1: points or basis points in the balance sheet is the
Speaker 1: right recipe or fifty basis points in the balance sheet.
Speaker 1: These are all the tactics of how we get the
Speaker 1: policy rate adjusted, and the data will help guide us
Speaker 1: if and I and so I would hate to front
Speaker 1: run those deliberations, but I will absolutely um confirm what
Speaker 1: you know Jay chair Polls confirmed for himself, which is
Speaker 1: that I have everything on the table right now. If
Speaker 1: we need to do fifty fifties, what we'll do. If
Speaker 1: we need to do twenty five and balance sheet, that's
Speaker 1: what we'll do. But the data will help us determine
Speaker 1: how much is necessary. The important thing I think everybody
Speaker 1: would listening would like to know is that we're committed
Speaker 1: to moving the policy rate in alignment with what the
Speaker 1: economy needs, and right now it doesn't need all the
Speaker 1: extraordinary support that we've been offering. What do you think
Speaker 1: the war in Ukraine is going to do to the
Speaker 1: global and US economies? Uh? We had Christopher Waller, governor
Speaker 1: on the board, say that he didn't vote for fifty
Speaker 1: basis points last time because he was unsure. But Jim
Speaker 1: Bullard told me yesterday, we can't wait to find out.
Speaker 1: We have to We have to act now. What do
Speaker 1: you think? So when I look at the you and
Speaker 1: I put a couple of risks in front of people,
Speaker 1: so that the invasion of Ukraine and the ensuing difficulties. Um, first,
Speaker 1: my heart goes out to the Ukrainian people, but I
Speaker 1: should think about the effects on the economy. You know
Speaker 1: that it is definitely a global headwind on the US,
Speaker 1: in the US, but the domestic economy. I see it
Speaker 1: as mostly a risk to inflation, further upward pressure on
Speaker 1: on prices gasoline, He's already seen it at the gas pumps,
Speaker 1: but also other commodity prices, which ultimately are inputs to
Speaker 1: goods that we are already finding high prices for. So
Speaker 1: I certainly think it's an upside risk to inflation. I've
Speaker 1: factored that in, and I think it's a modest risk
Speaker 1: to growth, but not the kind that would produce anything
Speaker 1: like stag inflation, because again, we're not We're a net
Speaker 1: oil exporter right now, and so when bryce's rise, production
Speaker 1: in the US also increases, and we get that offset
Speaker 1: on growth, but we you know, this is a big
Speaker 1: uncertainty shock. And then you also have this happening when
Speaker 1: it's clear that COVID is not completely behind us. That
Speaker 1: was San Francisco FED President Mary Daily speaking with Bloomberg
Speaker 1: Michael McKee from the Bloomberg Equality Somebody yesterday. Right now,
Speaker 1: markets pricing at a rate hike from the FED at
Speaker 1: every one of the Central banks meetings this year. FED
Speaker 1: officials issue the next policy decision May fourth. Nathan, all right, John,
Speaker 1: thanks want to passed along a red headline just across
Speaker 1: the Bloomberg terminal. The world's leading economic powers plan to
Speaker 1: warn Russian President Vladimir Putin against using chemical or nuclear
Speaker 1: weapons in Ukraine. That is, according to a draft statement
Speaker 1: the Group of Seven plans to issue today. President Biden
Speaker 1: is in Brussels for summits with NATO, the G seven,
Speaker 1: and the European Union. It's now five fifty four on
Speaker 1: Wall Street. Time for our Bloomberg Law report. Let's gait
Speaker 1: to the legal stories we're watching this morning with Bloomberg's
Speaker 1: Jeff Balinger, and that for the SE group is petitioning
Speaker 1: the Biden administration to take a direct hand in lowering
Speaker 1: drug prices and increasing access. Buiser's COVID pill and a
Speaker 1: Askar Zeneca asthma drug are among the group's targets. Judge
Speaker 1: Allison Nathan has been confirmed to the New York based
Speaker 1: Federal Appeals Court. Judge Nathan oversaw the sex trafficking case
Speaker 1: of Gilly Maxwell. A federal court in Ohio rejected a
Speaker 1: Biden administration requests for more time to shift away from
Speaker 1: immigration policies that prioritized who could be arrested and deported
Speaker 1: Bloomberg Law everything you need, all on one legal research platform,
Speaker 1: including guidance analysis and Bloomberg Market Intelligence. Find out more
Speaker 1: at Bloomberg Law dot com. Now, the big legal story
Speaker 1: We're watching brings us to Capitol Hill, where Judge Ktanji
Speaker 1: Brown Jackson has held her own against a barrage of
Speaker 1: Republican attacks centering on crime and race. She is inching
Speaker 1: closer to becoming the first black woman on the Supreme
Speaker 1: Court after two marathon days of testimony before the Senatejydiciary Committee.
Speaker 1: For more on Judge Jackson's confirmation, Shann Hearing Bloomberg's June
Speaker 1: Grosso speaks with Gloria Brown Marshall, Professor of Constitutional law
Speaker 1: at John j College of Criminal Justice. Tell us how
Speaker 1: you think Judge Jackson has handled herself through all these
Speaker 1: hours of hearings. I think Judge Jackson has shown grace
Speaker 1: under pressure and she has handled herself with spectacular patients
Speaker 1: given the type of political gabbings that are going on
Speaker 1: between the parties using this platform to get back at
Speaker 1: each other for veiled nominees in the past, such as
Speaker 1: Robert Bourke, and the treatment has been alleged by the
Speaker 1: Republicans as being fraught with all types of political intrigue
Speaker 1: with Kavanov and even Clarence Thomas. So I think they're
Speaker 1: taking out past grudges on each other and using this
Speaker 1: platform and using her, and under all of that pressure,
Speaker 1: she is taking it extremely well. I think most of
Speaker 1: us would not be able to take this kind of
Speaker 1: abuse of the record and personal talks about her and
Speaker 1: hobbling criminals and people who possess child pornography and keep
Speaker 1: a level head. But she's been showing herself through this
Speaker 1: entire time. There's been a concerted effort by Republicans to
Speaker 1: paint the judge as soft on crime. Five senators in
Speaker 1: particular questioned her over and over and over again about
Speaker 1: what they called her lenient sentencing of a defendant convicted
Speaker 1: of having child porn. She's written as a distreccort judge
Speaker 1: and as the pilt court judge. I believe nearly six
Speaker 1: hundred opinions maybe more. And so the job of people
Speaker 1: who want to oppose her domination or tank her before
Speaker 1: she has sends to the bench is to find the
Speaker 1: most scandalous controversial things in her record and just keep
Speaker 1: saying it over and over again. It was successful. For
Speaker 1: Donald Trump, and so they're trying to make it successful
Speaker 1: for them. There's conservatives then once again playing to their
Speaker 1: base to try to get those conservative voters to vote
Speaker 1: for them in the midterm election. I think it's a
Speaker 1: political ploy and I think it's dandalous. But these are politicians,
Speaker 1: so they know how to play dirty, and trying to
Speaker 1: use critical race theory is throwing meat to the lions.
Speaker 1: You know, a politicians will use any type of ammunition
Speaker 1: to throw mud when mud is necessary in their in
Speaker 1: their minds. That's Professor Gloria Brown Marshall of John j
Speaker 1: College of Criminal Justice speaking with Bloomberg's June Grosso. You
Speaker 1: can catch more of that interview plus analysis of the
Speaker 1: latest legal news by listening to the Bloomberg Law Show
Speaker 1: at ten pm Eastern Time on Bloomberg Radio, or by
Speaker 1: subscribing to the Bloomberg Law Podcast. And attorneys can find
Speaker 1: exceptional legal research and business development tools at Bloomberg Law
Speaker 1: dot com. Sup features up twenty five point, staff features
Speaker 1: up a hundred forty six, DANSTA futures up ninety seven
Speaker 1: points to ten, Your treasury yield two point three six
Speaker 1: per cent. This is Bloomberg